589: Map Your Agency's Path to $300,000 in Revenue
The BizChix Podcast: Female Entrepreneurs | Women Small Business | Biz Chix
Natalie Eckdahl
4.8 • 630 Ratings
🗓️ 17 August 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
You want to grow your business to multi-figures in yearly revenue.
But how do you get there? And what steps do you need to take to achieve your goal?
It might seem daunting, but I’ve found the best way to reach your desired financial target is to start with your big picture in mind and then work backwards with a bit of reverse engineering.
By mapping out where you want your business to be and then how you want to get there, we take out the emotions, the self doubt, and the negative internal chatter – instead turning this urge to grow into a solvable puzzle, complete with actionable steps.
Today, I am joined by our $ix Figures Lab Coach, Elizabeth Cook, as we dive into the many ways to grow your company’s annual revenue, first to $100,000 and then to $300,000 (or more), so you can start paying yourself a six figure salary each year.
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This episode was first published at BizChix.com/589.
Transcript
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| 0:00.0 | Today we are talking about what the path to multiple six figures might be in your business, |
| 0:09.7 | really getting to what your company might look like if you were at 300,000 in revenue. |
| 0:16.9 | And I invited Elizabeth Cook, who coaches alongside being Six Six Figures Lab, to join me to make sure |
| 0:23.7 | that I don't get to deep into the numbers and lose you. But there really is a way to look at |
| 0:31.5 | your business from where you are now to these jumps that tend to happen in revenue in the businesses we work with, |
| 0:40.3 | who are our clients, are consultants, marketers, and financial professionals. |
| 0:45.3 | And there are some ways to project and some things to consider and analyze as you are |
| 0:52.7 | seeking to grow to the next level in your business. |
| 0:56.0 | Yeah, I really appreciate you sharing Natalie, this kind of behind the scenes way of how |
| 1:01.4 | you work with clients to, I've heard you call it many times reverse engineer, what the |
| 1:08.5 | business is going to look like. And I think we hear so much talk about, you know, |
| 1:13.1 | growing and being profitable and raising prices. And this really gets to the heart of the matter |
| 1:20.0 | in terms of to really have that enduring business that is enjoyable, profitable, profitable, |
| 1:26.9 | having this big picture view of where |
| 1:30.4 | you're going so that you can reverse engineer what you need to do to get there is so valuable. |
| 1:36.9 | I think a great place to start is where you are now and what the next phase might look like |
| 1:43.5 | for your business. So we have clients join us at a |
| 1:46.8 | wide range of revenue levels. So the minimum to join Six Figures Lab currently is |
| 1:52.2 | averaging $3,000 a month or more in revenue. So we've had some clients joined that are already |
| 1:59.6 | at the six figure level, like a few that are |
| 2:02.7 | multi-six figures, but they grew so fast that they missed many steps along the way and they need help |
| 2:10.5 | with more of operations and team than strategy. Or they have a couple of really big clients and they |
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